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Hey everyone it's Steve with new hydrogen if you missed last week's top hydrogen news I've got you covered here's your hydrogen update in under three minutes let's start with the Winds of Change quite literally wind companies are in hot water and the possibility of a federal bailout is sending shock waves through the green energy landscape the Biden administration's clean energy Drive is feeling the strain as mounting Financial losses hit the wind industry in 2022 billions in
Subsidies poured in and even the inflation reduction act added to the coffers energy experts predict that more money will be needed but will that deter the Nationwide momentum to build more wind and solar Farms David Blackman who's a seasoned energy analyst has a warning prepare for a win bailout since the Obama Administration the government has been pouring money into environmental projects only to watch some of these companies go belly up it's a Deja Vu moment with
Cylindra and a bound solar do you think he's right now let's shift gears from wind to something that could reshape the electric vehicle landscape Toyota is pioneering an ammonia powered engine a game changer in the world of green Mobility this Innovative engine developed in collaboration with the Chinese GAC group reduces carbon emissions by a whopping 90% so how does it work ammonia is a hydrogen derivative it's made up of one nitrogen and three hyd atoms it's
A clean carbon free combustion source and the implications for its use in the future are massive while e are the Talk of the Town ammonia engines offer a compelling alternative China which is the world's largest ev Market is even contemplating Banning internal custom combustion engines in the future so the big question is could ammonia be the answer for those who have reservations still about EVS Toyota's involvement in this technology hints at a future where cleaner and
More sustainable Transportation options may become a reality our final story now takes us deep into the Earth where two scientists Unearthed a potential climate banza jacqu panol and Philip Donato discovered a massive reservoir of hydrogen deep underground in northeastern France but not just any kind of hydrogen it's naturally occurring carbon- free hydrogen and it could be a game-changer in the world's transition to clean energy the potential of natural hydrogen could be huge with vast Global Reserves
Even if just 1% of it could be harnessed it could provide 500 million tons of hydrogen for the next 200 years that's a guess of course but hopeful one however challenges remain such as regulation high costs and the discovery and extraction process which could drive those prices even higher than water splitting is Today hydrogen burns into nothing but water making it an ideal option for energy intensive Industries like Aviation shipping steel making and much more the
Catch is that commercial hydrogen is currently produced using fossil fuel FS new hydrogen is preparing to supply the world with the cheapest green hydrogen anywhere which can be used to create ammonia to decarbonize today's tough to Abate applications we invite you to visit our website at newhydrogen.com to learn about our technology now under development at UCLA and UC Santa Barbara That's it for this week's update thanks and we'll see you again soon